Higher Education Minister Comments on PTPTN’s Proposal to Cease Funding University Courses with Low Loan Repayment Rates
PTPTN to Issue Official Statement on Proposal
The National Higher Education Fund Corporation (PTPTN) will issue an official statement regarding the proposal to cease funding university courses with a loan repayment rate of less than 30 per cent, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir said. However, he declined to comment further on the matter, stating that PTPTN will release a statement after thoroughly reviewing several aspects and factors before making any decision.
PTPTN to Review All Aspects Before Making a Decision
“PTPTN has formed a committee and we should wait for them to issue a statement. Let us not jump to conclusions, as PTPTN is reviewing all aspects,” he told reporters after attending the International Islamic University Malaysia’s (IIUM) 40th convocation ceremony, here today.
Borrowers Who Have Never Repaid Their Loans to Receive Special Attention
Zambry emphasized the need for PTPTN to pay special attention to borrowers who have never repaid their loans, possibly due to factors such as unstable employment. He said it is crucial for borrowers to engage with PTPTN so that the agency can better understand their financial situations.
Addressing Defaulters
“However, there are also individuals who have completely ignored their repayment obligations since day one, and that is something we need to address,” he said.
Higher Education Minister’s Personal Connection to IIUM
Earlier, Zambry presented graduation certificates to 565 graduates, including his youngest son, Mukhlis Zambry, who earned a Bachelor’s Degree in Law. He said as one of the university’s earliest graduates, IIUM holds a significant meaning for him.
“I have five children and all of them studied here, not because I lack confidence in other universities, but because they enjoy studying here, and I did not force them. Alhamdulillah, they graduated from IIUM as a pharmacist, a biomedical officer, and a lawyer,” he said.
IIUM Convocation Ceremony
The IIUM convocation ceremony, held from Nov 16 to 20, will see 5,041 graduates receive degrees across various academic disciplines.
Conclusion
In conclusion, the proposal to cease funding university courses with a loan repayment rate of less than 30 per cent is currently under review by PTPTN. The Higher Education Minister emphasized the need for borrowers to engage with PTPTN and for the agency to pay special attention to borrowers who have never repaid their loans. The IIUM convocation ceremony is a significant event that showcases the university’s academic excellence and achievements.
FAQs
Q: What is the proposal to cease funding university courses with a loan repayment rate of less than 30 per cent?
A: The proposal is currently under review by PTPTN.
Q: Why is PTPTN reviewing the proposal?
A: PTPTN is reviewing the proposal to thoroughly consider all aspects and factors before making a decision.
Q: What will happen to borrowers who have never repaid their loans?
A: PTPTN will pay special attention to these borrowers and encourage them to engage with the agency to better understand their financial situations.
Q: What is the significance of the IIUM convocation ceremony?
A: The IIUM convocation ceremony is a significant event that showcases the university’s academic excellence and achievements, with 5,041 graduates receiving degrees across various academic disciplines.